| PIRAEUS EaSI | |||
| Name of responsible organization: Private Bank & Financial Stability Fund (FSF) & European Investment Bank (EIF) | |||
| Website: www.PIRAEUSBANK.gr | |||
| NATIONAL OR LOCAL | National | ||
| Starting year (of measure) | 2014 | End year | 2022 |
| The Employment and Social Innovation (EaSI) programme is a financing instrument at EU level to promote a high level of quality and sustainable employment, guaranteeing adequate and decent social protection, combating social exclusion and poverty and improving working conditions. Two systemic Banks in Greece (PIRAEUS & NBG) still provide the EaSI funding solution. Piraeus Bank offers 3.000€ (for farmers 1.000€) to 25.000€, IR 6,45-8,60%, duration up to 5 years and payout up to 1 year after. For the period 2021 – 2027 the EaSI programme will become a strand under the European Social Fund Plus (ESF+). |
What kind of activity does this measure finance?
| Creation of new businesses | Yes |
| Strengthening of existing businesses | Yes |
| Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods) | Yes – HR costs, Space rent, Marketing, Promotion, purchase of Equipment, raw materials or goods for commerce. |
| Training activities | No |
| Other (specify) | No |
What type of financing is it?
| Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | 25.000€, IR 6,45-8,60%, duration up to 5 years. No collaterals |
| Non-repayable grant (indicate the percentage of non-repayable fund) | No |
| Tax credit | Yes/No |
| Other (specify) | No |
How does the activation of the measure work?
| One-stop means | Visit to the Bank, web banking |
| Call with closing date | No |
Financial entity of the measure (indicate the resources allocated)
| Overall amount | N/A |
| % facilitation for each recipient | Ν/Α |
| Minimum amount that can be financed | 3.000€ (for farmers 1.000€) |
| Maximum amount that can be financed | 25.000€ |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | European Investment Fund (EIF) |
Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)
| Female | Over 50 | Unemployed (specify any type) | Disadvantaged groups (specify type) | Youth (specify age range) | Other (specify) | |
| Individual | ||||||
| Company |
Piraeus EaSI is available only to Companies (legal entities) with no pending loans or taxes. No other restrictions exist.
Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | NO |
| Only Financial support | YES |
Is the measure considered a good practice and as such replicable in other national and / or international contexts?
| YES | Yes, therefore for the period 2021 – 2027 the EaSI programme will become a strand under the European Social Fund Plus (ESF+) |
How many initiatives have been financed in the last 3 years and for what economic amount?
| Number of initiatives: N/A information | Total economic amount: N/A information |
